Calculating Daily Monthly Variable Component

You use MVC DAILY (Monthly Variable Component) as part of the payee's pay component for daily paid employees. This earning element uses a Unit × Rate calculation. The units are the units entered for accumulator SALARY DAILY_CPTDU and the rate is derived from formula ERN FM MVC DAILY, which uses generation control CMN GC ACTIVE to calculate the MVC daily amount.

The formula resolves by dividing the KSMVC monthly variable component rate by the work day count, CMN CT WORK DAYS. There is no proration.

The generation control CMN GC ACTIVE checks for active employees only.

MVC DAILY contributes to the following accumulators:

• SGP GROSS.

• CPF ORD WAGES SEG.

• MVC DAILY_CMTDA.

• MVC DAILY_CYTDA.

• ESPP BASE AMOUNT.